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Generous tax relief to fund your capital expenditure

Generous tax relief to fund your capital expenditure

The Annual Investment Allowance was temporarily increased from £25,000 to £250,000 for qualifying assets purchased between 1 January 2013 and 31 December 2014.

However, instead of reducing it again, the Chancellor announced a further temporary increase from £250,000 to £500,000 for expenditure incurred between 1 April 2014 and 31 December 2015.

 This gives 100% tax relief on the purchase of capital assets including plant & machinery, fixtures & fittings, computer equipment and motor vehicles (except cars).

 This offers a great opportunity to invest in your business funded by a reduction in your tax bill so plan now to get the most from this generous relief.

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